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Dean Baker's commentary on economic reporting

Bankrupt Airline, What Happened to the Workers?

The WSJ reported the bankruptcy and shutdown of MAXjet Airways. The piece discusses the financial situation of the airline and the efforts that are being made to accommodate ticket holding passengers.

All of this is well and good, but what happened to the airline's employees who got a layoff notice in their Christmas stocking? Did they get severance pay? Will they be picked up by another airline? The WSJ doesn't tell us. It doesn't seem too touchy and feely to include two sentences about what happens to the employees of a defunct airline, especially when the collapse occurs in the middle of the holiday season.

Grinch award goes to the WSJ for this one.

--Dean Baker



COMMENTS

Did you really think the WSJ would care about workers?

The WSJ is the leading voice of the "let them eat cake" movement.

If you really want to know Dean, there are lot of us who really want to talk about the living hell we've been through, and the amount of personal financial ruin many are facing after spending thousands of dollars to transfer just weeks before the shutdown.

Without on single hint that there were any financial problems.

Dean and Davy are on target regarding the lack of caring coverage. As one who still works in the travel and tourism industry, and who's financial ruin is merely anticipated rather than accomplished, I do find it eerie how litte awareness there is of the fact that air travel, and the idustries linked closely to it, simply have no realistic future as oil supplies significantly diminish. Unfortunately, some progressive economists are also loath to admit that the issue of Peak Oil even exists (at best changing the topic to "reserves" or "prices" when efforts are made to bring the issue to their attention), let alone provide the public with hints regarding its likely human impacts.

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